There are a lot of factors in why I want to leave IT and NY.Good luck with the sale of the Apt.

It is not the only factor.

So the "leverage" hasn't been a great factor for you.

In my opinion not owning any real estate at all but in my current work place I deal with a lot of men and women.

Splinter - Did you factor in the amount you receive as rent as income?

We all know that the bubble has burst in most places, but if the neighborhood you're planning on investing in is depreciating due to crime, neglect, or other external factors, you may want to reconsider your bid.

Have you factored in that expense?

Here would be the formula you should factor this deal with and you decide.ARV (use only sold properties for your values, do not use the local asking price)multiplied by 70% (Thsi can be somewhat flexible if you arent using hard money and the deal warrants a deviation.

Cosmetic fixes are ideal in the begining.

Reinstalling electrical systems and piping can be very costly and any defect should be factored into the offer price.